Toshiba Mitsubishi-Electric Industrial Systems Corporation (hereinafter, “TMEIC”; President & CEO Masahiko Yamawaki) receivedthe most prestigious2018 Global Company of the Year Award in the Industrial Power Electronics categoryby the major research and consulting firm Frost & Sullivan based in California in the United States.
Frost & Sullivan generates business growth initiatives globally with an emphasis on market research, analysis and consulting.The firm selects companies by market in areas such as Japan, the Asia Pacific and other areas globally and bestows Best Practice Awards annuallyto companies that haveachieved outstanding performance in respective industries. The Global Company of the Year Award is the highest honor. Previously, TMEIC won the Global Company of the Year Award for the third consecutive yearin the PV inverter category and the award received this year marks the fourth year in a row.
Frost & Sullivan presented this year’s award in recognition of various factors,including TMEIC’s high reputation gained from its customers in the industrial power electronics field and proposal of its PEiE (Power Electronics in Everything) concept geared toward CO2 reduction and a sustainable future. The Company was also highly regarded for its high-performance PV inverterswhich efficiently generate renewable energy;both Uninterruptible Power Supply (UPS) systemsand motor drive systemsinstalled with advanced technology that contributes to making highly efficient use of energy.
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